Red Avenue New Materials Group's high P/E ratio is concernin...
Red Avenue New Materials Group's high P/E ratio is concerning given its lower forecast growth. Current prices may seem unreasonable as future earnings may not support such positivity. Investors are warned of potential disappointment if P/E aligns with growth outlook.
Red Avenue New Materials Group Co., Ltd. (SHSE:603650) Investors Are Less Pessimistic Than Expected
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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